US-based prepaid product and transaction services company InComm has purchased TibiDino, a marketing and gift card distribution company based in Austria.
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Established in 2009, TibiDono focuses on the development of innovative distribution and marketing channels for gift cards in the European marketplace.
InComm believes that the deal will strengthen its presence in European market and enhances international retail partnerships.
Upon completion of the acquisition, TibiDono will become a wholly owned subsidiary of InComm and will continue its operations in Salzburg, Austria.
InComm executive vice president and general manager international division Frank Monaco said: "This acquisition strengthens InComm’s presence in the European market and enhances our international retail partnerships.
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By GlobalData"TibiDono has a strong reputation and has built a stellar business within the Austrian market. We are excited to add TibiDono to the InComm family and increase our presence throughout Europe."
TibiDono managing director Mark Zyla said: "Partnering with such a reputable and resourceful company as InComm will allow us to significantly grow the business with and for our retail and brand partners in both Austria and other markets."
